标签： Grenada

The Citizenship by Investment Committee of the Investment Migration Agency Grenada (IMA Grenada) has issued a Request for Proposals (RfP) for audit services aimed at enhancing the governance, transparency, and operational efficiency of its Citizenship by Investment (CBI) program. The initiative seeks to attract experienced audit firms to assess current processes, identify gaps, and develop comprehensive operational manuals, risk registers, and risk management frameworks. The selected firm will collaborate closely with IMA Grenada’s Chief Executive Officer to ensure business continuity and compliance with industry best practices. Established under the Grenada Citizenship by Investment Act of 2013, the CBI program allows individuals to obtain Grenadian citizenship through investment. The application process is highly automated, involving five key phases: application review, enhanced due diligence, due diligence reporting, Cabinet approval, and issuance of citizenship certificates. The audit firm will be tasked with reviewing current legislation, processes, and policies, identifying inefficiencies, and providing actionable recommendations. Proposals must include the firm’s description, relevant experience, methodology, and a detailed financial proposal. The evaluation process will consider the firm’s experience, competitive fees, project approach, and references. The contract is expected to commence in November 2025, with proposals due by October 14, 2025. This initiative underscores IMA Grenada’s commitment to maintaining the integrity and efficiency of its CBI program, ensuring it remains a competitive option for global investors.

Grenada has introduced a groundbreaking Retail Bond Programme designed to raise EC$5 million while making investment opportunities more accessible to its citizens. With a minimum investment threshold of EC$500—significantly lower than the traditional $5,000 requirement—the initiative aims to democratize wealth-building for first-time and small-scale investors. The government announced the programme on September 23, 2025, and within just eight days, over 500 individuals expressed interest in purchasing the bonds. Juletta Edinborough, a Fiscal Debt Specialist at the Eastern Caribbean Central Bank (ECCB), highlighted the remarkable response during the launch of Financial Information Month 2025, themed ‘Financial Investing: From Savers to Investors.’ Finance Minister Dennis Cornwall emphasized that the Retail Bond is tailored for everyday Grenadians, offering a safe, tax-free investment backed by the government. Key features of the bond include a two-year investment term, tax-free returns, and a focus on enhancing financial literacy. Interested individuals must pre-register through the Ministry of Finance’s website, with brokers engaging potential investors ahead of the auction scheduled for October 31. This initiative underscores Grenada’s commitment to inclusive economic growth and fostering a culture of financial responsibility.

Hubbard’s Motor, a key player in the Auto Division of Goddard Enterprises Limited (GEL), has officially announced the launch of the globally acclaimed GAC vehicle brand in Grenada. This strategic partnership brings together GAC’s award-winning designs, cutting-edge technology, and Hubbard’s Motor’s longstanding reputation for reliability and service excellence. GAC, ranked #181 on the 2024 Fortune Global 500 and recognized by J.D. Power as the #1 Quality Chinese Brand for eight consecutive years, sold over 2 million vehicles worldwide in 2024. With international collaborations including Honda, Toyota, and Mitsubishi, GAC is now poised to transform Grenada’s automotive landscape. The initial lineup features the Emkoo, a futuristic SUV; the GS3 Emzoom, awarded Highest Quality Compact SUV in China; and the AION EV Series, honored as China’s Highest Quality Electric Vehicles in 2024. Each vehicle undergoes rigorous durability testing, and customers in Grenada will benefit from extensive warranties, including 7 years/250,000 km coverage for the Emkoo and Emzoom, and 8 years/160,000 km for the AION EV Series. Osmond Henry, General Manager of Hubbard’s Motor, emphasized that GAC’s exceptional design, performance, and safety standards, combined with Hubbard’s trusted after-sales service, will redefine the driving experience in Grenada. Christopher Dowden, Manager of Hubbard’s Motor, highlighted that this launch is not just about introducing new vehicles but shaping the future of mobility on the island. This collaboration ensures Grenadian drivers have access to world-class automotive solutions that blend innovation, reliability, and local expertise.

The latest data from Grenada’s Investment Migration Agency (IMA), formerly known as the Citizenship by Investment (CBI) Unit, reveals a significant shift in the nationalities of new citizens approved under the program in 2025. In the second quarter, 12% of the 402 new CBI-approved citizens were US nationals, marking a notable increase from the first quarter, where only 1% of 632 approved citizens were from the United States. This surge positioned the US as the second-highest nationality, trailing behind China, which accounted for 10% of approvals, and surpassing Nigeria, which also represented 10%. This is the first time Nigeria has been displaced from its usual second-place ranking in the CBI program. Other nationalities approved during this period included Pakistan, the United Kingdom, the Philippines, and several African and Middle Eastern countries. As of the end of the second quarter, the program had approved 893 new citizens, generating EC$103.2 million in revenue, according to the Ministry of Finance’s June 2025 report. Thomas Anthony, CEO of the IMA, announced plans to expand the program’s marketing efforts in Africa, with a focus on West Africa. A team from the agency is set to tour the region in October 2025, building on recent engagements in Kenya, where over 100 individuals attended a promotional event in collaboration with the Nairobi Chamber of Commerce. Anthony emphasized Nigeria’s prominence in African applications and expressed optimism about extending the program’s reach to other African nations.

In a significant move underscoring its expanding role in the global investment migration industry, the Investment Migration Agency (IMA) Grenada has inaugurated its new headquarters at the Galleria Mall in Grand Anse. The opening ceremony, attended by government officials, industry leaders, and key stakeholders, marked a transformative milestone for the agency. The relocation reflects both physical growth and an organizational evolution to better serve its diverse clientele, ranging from international government representatives to high-net-worth investors and global service providers. The previous facilities had become inadequate to handle the agency’s increasing operational demands. IMA Grenada’s CEO, Thomas Anthony, emphasized that the new office space is not merely a relocation but a strategic enhancement. ‘This facility aligns with the caliber of work we undertake and our contributions to the economy and nation-building,’ Anthony stated. The new headquarters, located in one of Grenada’s most accessible commercial hubs, boasts state-of-the-art meeting spaces, advanced security systems, and a design optimized for both in-person and virtual interactions. Prime Minister Dickon Mitchell lauded the agency’s progress, noting, ‘IMA Grenada continues to grow from strength to strength. This new office, coupled with ongoing staff recruitment and institutional development, highlights its rising significance within Grenada’s public services.’ The event concluded with a ribbon-cutting ceremony led by Prime Minister Mitchell and Richard Duncan, Chairman of the Grenada Citizenship by Investment Committee, symbolizing the dawn of a new era for the agency.